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February 7, 2024

Using the IMA Statement of Ethical Professional Practice as an ethical framework

1. Using the IMA Statement of Ethical Professional Practice as an ethical framework, answer the following questions:

1. What are the ethical issue(s) in this situation?

2. What are Yang’s responsibilities as a management accountant?

2. Would your answer differ if Gutierrez Company were instead owned by one individual instead of being publicly held? Why or why not?

3. Would anyone be harmed if slack were to be built into the budget? Why or why not?

4. Discuss the specific steps Yang should take in this situation. Refer to the IMA Statement of Ethical Professional Practice in your response.

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